First Quarter 2020
May 12, 2020
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Introduction SINGULUS TECHNOLOGIES AG
SINGULUS TECHNOLOGIES AG - Innovations for New Technologies
State-of-The-Art Equipment Supplier in combination with market orientated Technology Know-How
▪ Location HQ: Kahl am Main (near Frankfurt), Germany
▪ Established: 1995 (Buyout at Merger Balzers/Leybold)
▪ IPO: 1997
▪ Employees: 351
▪ Research & Development
▪ Consulting
▪ Engineering & Design
▪ Project Management
▪ Production
▪ Installation
▪ Commissioning
▪ Service/Maintenance
▪ Hotline 24/7
▪ Training
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Financial Key Figures
in million € Q1-2019 Q1-2020
Revenues 20.8 10.9
Order Intake 11.8 63.6
Order Backlog (31.03.) 57.0 79.0
EBIT 1.1 -5.8
EBITDA 2.0 -4.8
Result before Tax 0.5 -6.4
Result for the Period 0.2 -6.6
Operating Cash Flow -9.1 1.3
Shareholders’ Equity 20.1 0.6
Total Assets 101.3 83.7
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Profit & Loss Statement
in million € Q1-2019 Q1-2020
Gross Revenues 20.8 10.9
Net Revenue 20.6 10.7
Gross Profit
(in % of Net Revenues)6.4
(31.1 %)
0.9
(8.4 %)
• R & D -1.4 -1.8
• Sales & Customer Service -2.4 -2.7
• GM & A -1.8 -2.1
• Other Income/Expenses 0.3 -0.1
OPEX -5.3 -6.7
EBIT
(in % of Net Revenues)
1.1
(5.3 %)
-5.8
(-54.2 %)
Net Result 0.2 -6.6
EPS (basic; €) 0.02 -0.74
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Balance Sheet
in million € 31.12.2019 31.03.2020
Available Cash 14.8 14.0
Restricted Cash 4.4 4.7
Total Current Receivables and
Other Assets 16.8 15.9
Total Inventories 15.5 15.0
Non Current Assets 32.2 31.9
Total Assets 83.7 81.5
Total Current Liabilities 38.2 42.6
Total Non-Current Liabilities 38.5 38.3
Total Equity 7.0 0.6
Equity and Liabilities 83.7 81.5
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Cash Flow Development Q 1
in million € Q1-2019 Q1-2020
Cash Flow from Operating Activities -9.1 1.3
Cash Flow from Investing Activities -0.8 -0.7
Cash Flow from Financing Activities 6.2 -1.6
Total Cash Flow -3.7 -1.0
Cash and Cash Equivalents at the Beginning of
the Period 13.5 14.8
Effect of Exchange Rate Changes 0.1 0.2
Cash and Cash Equivalents at the Beginning of
the Period 9.9 14.0
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Employees
Δ 31.12.2019 31.03.2020
SINGULUS Group +3 351 354
Domestic +3 296 299
Abroad +0 55 55
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Sales Split by Segments Q 1-2020
Life Science
Solar
Semiconductor
Q 1-2019
Solar 66.9 %
Life Science 28.8 %
Semiconductor 4.3 %
11.0 %
46.8 %
42.2 %
Semi-
conductorSolar
Life
Science
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Sales Split by Region Q1-2020
Q1-2019
Asia 66.8 %
Americas 20.7 %
Europe 12.5 %
Asia
Europe
Americas
55.0 %
15.6 %
29.4 %
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Shareholder Structure
Status: May 12, 2020
SINGULUS TECHNOLOGIES AG
March 24, 2020
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SINGULUS TECHNOLOGIES Production Systems for
Thin Solar Cells CIGS & CdTe
Thin Film Solar - Glass or Flexible Material
• Lower energy consumption in production (per Wp) than with c-Si
• Excellent stability & good low light (incl. shade) performance
• Reduced sensitivity to overheating
• Full value chain in production
• Shorter energy payback compared to c-Si
SINGULUS TECHNOLOGIES AG
March 24, 2020
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CNBM
Announced Steps of Investment
Each 300 MW Fab comprises
the following Machines:
10 CISARIS
2 VISTARIS
2 SELENIUS
City of Bengbu,
Province Anhui
City of Meishan,
Province Sichuan
City Weihai,
Province ShandongCity Xuzhou,
Province Jiangsu
1st step
Order
300 MW
1st step
Order
300 MW
1.5 GW 1.5 GW 1.5 GW
2nd step
LOI
300 MW
1st step
Order
150 MW
1st step
300 MW
in discussion
1.5 GW
Existing LOI
for 300 MW
Order for 150 MW signed
January 15, 2020
Existing LOI
for 5 CISARIS
SINGULUS TECHNOLOGIES AG
March 24, 2020
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SINGULUS TECHNOLOGIES Production Systems for
Thin Solar Cells CIGS in Bengbu, China
Delivered and Installed machines in Bengbu
• 10 CISARIS and 2 SELENIUS machines in the
production facility
SINGULUS TECHNOLOGIES AG
March 24, 2020
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SINGULUS TECHNOLOGIES Production Systems
for c-Si High Performance Solar Cells
Silicon Wafer Material
• High cell & Module efficiency
• Largest market share
• Advanced technology potential
• Lower capex
• High performance solar cells with capacities over 24 %
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Cluster Tools for Semiconductor Industry
Reliable, repeatable and precise control down to atomic layers
Vacuum Deposition Technology
• 200 mm and 300 mm wafer
• All common SEMI-Standards
• Up to 12 PVD cathodes
• Co-sputtering & DC/RF-sputtering
• Ultra-high vacuum (<10-8 Torr)
• Competitive cost-of-ownership and target
lifetime
From Spintronics to a wider range of
applications
• Technological leadership in magnetic
heterostructures, such as MRAM, Thin-
Film-Heads, magnetic Sensors and
integrated Inductors
• Growth potential in applying Singulus
cluster tools in MEMS, Packaging, RF-
Filter, LED, Power Electronics
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Specialist for Cleaning, Etching & Drying
• Manual and Semi-Automated Wet Process Stations
for 6”, 8” / 200 mm wafer size
• Fully-Automated Wet Process Stations
• Total Metal Free Working
• Growth potential in a wide range of applications
Wet Processing System for Electronics & Semiconductor
SINGULUS TECHNOLOGIES AG
March 24, 2020
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MEDLINE
Production System for Medical Technology
Applications for Medical Technology
• Washing and pre-cleaning
• Cleaning & Etching
• Ultra- or megasonic cleaning
• Surface conditioning & modification
• Vacuum Coating & Electrochemical etching
SINGULUS TECHNOLOGIES AG
March 24, 2020
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DECOLINE II
Production System for 3-Dimensional Coating
Advanced Surface Coating
• Green Metallizing
• Sustainable Process
• Brilliant layers on 3-dimensional parts &
individual design variety
• UV-curing for protection lacquer
• Inline spray coating & metallization
• Fully automated processing & high productivity
and flexibility
• Low cost of ownership & environment-friendly
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Decorative Coating with POLYCOATER
Inline Sputtering System
Advanced Surface Coating
• Green Metallizing
• Sustainable Process
• Brilliant layers on 3-dimensional parts &
individual design Inline metallization
• Fully automated processing & high productivity
and flexibility
• Low cost of ownership & environment-friendly
SINGULUS TECHNOLOGIES AG
March 24, 2020
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SINGULUS TECHNOLOGIES Uncertainties Concerning
Corona COVID-19 Pandemic
Risks• Travel ban was just extended
• Production limited due to supply chain disruptions
• Short time work
• Delayed ordering because partial shutdowns effect customers
Bright spots• Containment of virus in China
• Resumption of production in China
• Global easing of restrictions
• Central banks provide a lot liquidity
However, it is currently not possible for the company to conclusively assess the implications and
effects on the business. Management closely monitors the situation in order to be able to implement
necessary countermeasures.
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Objectives in 2020
Semi-
conductor
Solar
Life
Science
Solar • Extend leadership in CIGS
• Establishment of further production systems for Heterojunction solar cells
Semiconductor • Maintain leading position in magnetic films, e.g. Magnetic Sensors, MRAM
• Expand presence in production environment
• Grow into additional applications such as Inductors, MEMS, RF-Filters, LED, Power Electronics
• Grow market share for wet cleaning, etching and drying in semiconductor and electronics
industry
Life Science Medical Technology
• Addressing of new applications/costumers for production system for medical technology
Decorative Coatings
• Intensive marketing of the existing machine platform for cosmetics, consumer goods & automotive
New Applications
• Introduction of sputtering & wet processing equipment for new applications/markets
Recovery of order intake and increase in sales and earnings influenced by the Corona COVID-19 Pandemic
SINGULUS TECHNOLOGIES AG
March 24, 2020
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Contact
Forward-Looking Statements
This presentation contains forward-looking statements based on current expectations,
assumptions and forecasts of the executive board and on currently available
information. Various known and unknown risks, unpredictable developments, changes
in the economic and political environment and other presently not yet identifiable effects
could result in the fact that the actual future results, financial situation or the outlook for
the company differ from the estimates given here. We are not obligated to update the
forward-looking statements made in this presentation unless there is a legal obligation.
SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
D-63796 Kahl/Main
Dr.-Ing. Stefan Rinck, President and CEO
Markus Ehret, CFO
Dr. rer. nat. Christian Strahberger, COO
Maren Schuster, Head of Investor Relations
Tel: +49-6188-440-1612
Bernhard Krause, Communications Worldwide
Tel: +49-6181-9828020